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This Article is From Feb 04, 2021

U.S. Day Traders Mostly Male and Under 35, Cardify Finds

U.S. Day Traders Mostly Male and Under 35, Cardify Finds

About those U.S. day traders: They're 75% male and “largely young,” with the overwhelming majority in the 18-35 age range, according to a report by consumer-spending data tracker Cardify. When it comes to ownership of GameStop Corp. and AMC Entertainment Holdings Inc. stock, they're also quite inexperienced in the market. Some 44% of recent investors in either of the companies had less than a year of self-directed trading under their belt, Cardify found, based on a survey of 1,600 people from Jan. 29 to Feb. 1. It also found that Robinhood -- the favorite platform of day traders during the Covid-19 pandemic as measured by deposits -- saw “significant growth” in the metric last month as the GameStop phenomenon kicked into high gear.

©2021 Bloomberg L.P.

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